PTV Interview Exclusive: Revolutionary GSK and J&J Participation in New Index Ventures Fund

Oxford, UK, March 21st, 2012

Fintan Walton talks exclusively to Johnson & Johnson (J&J) and GlaxoSmithKline (GSK) about their participation in Index Ventures’ latest fund announced today at BIO-Europe Spring in Amsterdam. This €150m fund includes investments from several of Index’s largest existing limited partners and two companies, GSK and the venture capital affiliate of the Janssen pharmaceutical companies of J&J (Janssen).

Francesco De Rubertis of Index Ventures, Dr Moncef Slaoui, Chairman of R&D at GSK and Dr Paul Stoffels, Worldwide Chairman of Johnson & Johnson Pharmaceuticals describe how the two global pharmaceutical companies will share their expertise by participating in the scientific advisory board (SAB) of the fund.

Index will maintain full decision making rights to the portfolio companies and the fund rules and procedures will follow previous Index Ventures funds. This unique pharma/venture partnership model is intended to stimulate promising, early-stage R&D innovation.

For further information, contact:

Fintan Walton

CEO

PharmaVentures

+44 1865 332700

enquiries@pharmaventures.com

– ends –

Protecting Cash Flow Through Licensing Terms is Critical for Biotech Success

Oxford, UK, March 19th, 2012

The pharmaceutical and biotechnology industry is undergoing considerable change as the patent cliff looms, fostering invention and change, and a strong need for successful partnering. There are also new opportunities to develop in emerging and emerged new markets. What impact are these changes having on companies as they seek partners, to strike the best deal? How can companies be sure that the deal terms they achieve, and associated royalties, are the best possible? The terms of licensing deals are turning back in favour of cash-rich pharmaceutical companies, and there are key lessons to be learned by any aspiring dealmaker.

“For biotechs, protecting cash flow is key to survival, which means that licensing terms have become more crucial than ever before”, claims Fintan Walton, CEO of PharmaVentures, a leading transactions firm. In fact, managing both financial as well as clinical risk will be vitally important according to the recently published report from PharmaVentures, The Royalty Rate Report 2012: A Comprehensive Assessment of Valuation in the Pharmaceutical Sector. “The adoption of the correct valuation models can enable companies to derive better value from their dealmaking in these challenging times. The Report sets out to provide essential assessment through the most powerful methodologies available, selected case studies and PharmaVentures consultants’ experience in dealmaking advisory services.”

Nigel Borshell, Editor of the Report, says, “A great deal of time and effort is spent in negotiating deal terms, but is the time spent on the various value components in line with their relative values? Our advice is to negotiate hardest on the things that really deliver value. You stand to lose more of your hard earned value through royalty percentages and tier ‘adjustments’ than on any other component of the deal”.

The Report explodes some of the myths of valuations and royalty rates calculations, highlights what you should factor in to your own calculations and explains how best to generate useful royalty rate outcomes. It does this by providing key case histories, deal analysis, and opinion leader comment all relating to the quest for better more useable valuation data. A significant part of the content has been formulated by leveraging PharmaVentures’ 20 years of experience in assisting pharmaceutical and biotechnology companies worldwide in all aspects of dealmaking.

Topics covered in the Report include:

  • Clear guidance on the best methodologies to use when calculating Valuations and Royalty Rates to assist with vital decision making
  • Opinions and advice from leading industry dealmakers on how to calculate Royalty Rates
  • Contextual information – The report reviews the appropriate methodologies to use as part of the process to calculate Royalty Rates in-depth. It explores questions such as: “What do royalties mean in terms of value?” and “Where do royalties fit within the deal?”
  • More case studies – PharmaVentures highlights the issues and pitfalls so dealmakers can avoid them

The new Royalty Rate Report is published under PharmaVentures’ imprint, PharmaDeals®.

For further information, contact:

Lisa Holloway

Senior Direct Marketing Manager

PharmaVentures Ltd

+44 1865 332700

lisa.holloway@pharmaventures.com

– ends –

PharmaVentures’ client Sanofi wins Scrip ‘Outsourcing Deal of the Year Award’

Oxford, UK, January 12th,  2012 – PharmaVentures announced today that it was delighted to play an advisory role in the Sanofi – Covance deal which won Scrip’s ‘Outsourcing Deal of the Year 2011’.

The judges described the deal as ‘impressive’ as it was “one the largest and most comprehensive R&D alliances in the history of the pharmaceutical and CRO industry”.Under the terms of the agreement, Sanofi retains access to some of the capabilities that were divested to Covance as part of a long-term strategic alliance. Covance will provide Sanofi with an up to 10-year sole source relationship for central lab services.

Kevin Bottomley, Head of Transactions at PharmaVentures who was lead advisor to Sanofi on the deal said: “This is a great recognition for Sanofi as this was a ground-breaking deal which ultimately supports both its overall strategic intent.”

Fintan Walton, Chief Executive of PharmaVentures said: “Deal making has become both more complex and more sophisticated. This Scrip Award recognises how PharmaVentures’ clients are reaching new heights in deal making. We are delighted to be advisors to this award winning deal.”

Over the years PharmaVentures has built considerable experience in the M&A field including divestments of manufacturing and R&D businesses.

For further information, contact:

Kevin Bottomley

Head of Transactions

+44 1865 332700

Kevin.Bottomley@pharmaventures.com

– ends –

Pfizer, Sanofi and Genentech feature prominently in the Oncology edition of PharmaDeals’ new publication series; Essential Deal Trends

Oxford, UK, October 20th, 2011 – PharmaVentures today announced the launch of PharmaDeals® Essential Deal Trends: Oncology 2011. This new series of reports is essential reading for everyone involved in developing and commercialising new drugs. The first report in the series focuses on oncology.

Oncology is the single most active deal making therapeutic area in the pharmaceutical and biotechnology industry. With such a high intensity of deal making, executives across the industry need the best information and insight to support their business decisions in this vital drive to make better drugs available for patients. PharmaDeals Essential Deal Trends: Oncology 2011 provides the data and insight that dealmakers need to be as effective as possible. Featuring all the key providers of therapies in the oncology field, including Pfizer, Genentech, Sanofi, Merck, GSK and others, the Essential Deal Trends series provides the most comprehensive deal trends coverage available. Other key deal intensive therapeutic areas including cardiovascular, CNS and respiratory will be published in the following months. Available in the iReport format with over 100 tables and figures in each report, you can extract data and tables for your own analysis and presentations.

Fintan Walton, Chief Executive of PharmaVentures, says, “Deal makers from large pharmaceutical companies to small biotechs tell us they need a high quality publication that helps them best understand the key players and deal trends in this and other vital areas of medicine. We are proud to be able to use our extensive data resources and analytical insight to produce this first in a series of key reports for the industry.”

For further information, contact:

Lisa Holloway 

Senior Direct Marketing Manager

+44 1865 332700

lisa.holloway@pharmaventures.com

– ends –

Pfizer Overtakes GSK but Trails Roche in PharmaDeals’ Corp-METRx Analysis of Deal Activity

Oxford, UK 26 September 2011 – PharmaVentures, the experts in deals and alliances, announced today that Corp-METRx, the new definitive analysis on the dealmaking and financial performance of the top 12 pharmaceutical companies, is launched.

The first release of this monthly report on all of the top 12 pharmaceutical companies shows Pfizer has overtaken GlaxoSmithKline and are now placed second only to Roche in the industry’s new Deal Activity League Table*. The first monthly edition is available as a free download on our website (www.pharmadeals.net/corpmetrx). The ranking information and expert insight from PharmaVentures will be invaluable to analysts, M&A and corporate finance professionals in investment banks, hedge funds, large cap advisory and asset management firms as well as business development and competitive intelligence professionals, chief executives and other senior managers within pharmaceutical and biotechnology companies.

PharmaDeals® Corp-METRx provides key metrics on the relative strengths and weaknesses of the world’s top 12 pharmaceutical companies, and is delivered in a concise and instantly accessible online format. This new publication, edited by PharmaVentures’ expert, Nigel Borshell, provides an essential look-up for key facts about how major pharmaceutical companies’ deal making activities vary, the impact this has on their peer group ranking and how this evolves with time.

Anne Vindenes Allen, PharmaDeals’ Executive Director, says, “The industry was in need of a report that would readily analyse how well top companies are performing as deal makers, andPharmaDeals Corp-METRx does just that. Reports on each company are available, along with our expert assessment reviewing the changes of all those 12 companies.”

Download the free first edition of PharmaDeals Corp-METRx and read the monthly review article now:

www.pharmadeals.net/corpmetrx

For further information, contact:

Anne Vindenes Allen

Executive Director, PharmaDeals

+44 1865 332700

anne.allen@pharmaventures.com

– ends –

PharmaVentures engaged by Astex Pharmaceuticals to Assist in the divestment of US facility

Oxford, UK 09 September 2011 – PharmaVentures Limited, experts in deals and alliances, are pleased to announce that they have been engaged by leading drug discovery company, Astex Pharmaceuticals to seek a buyer for an established full service CMC (chemistry, manufacturing & controls) & Formulation Facility in Pleasanton, California. The engagement will utilise PharmaVentures’ asset divestment expertise in the life sciences sector.

Dr Fintan Walton, CEO, PharmaVentures commented, “We are delighted to have been chosen by Astex to assist in divesting this state-of-the-art facility, maximising return for the stakeholders. With 20 years’ experience of transactions, PharmaVentures can provide Astex with access to key decision makers in relevant companies with a view to safeguarding the future of the site.”

The facility is part of the recent integration of Astex Therapeutics Limited and SuperGen Inc. and provides an opportunity to build out a fully integrated CMC capability in a prime but low cost West Coast US location. The site’s team has significant experience in preclinical as well as Phase I, II and III drug product development as evidenced by over 30 patents and the successful oversight of a number of global regulatory filings.

PharmaVentures is a leading life sciences transaction advisory firm with strong capabilities in finding and evaluating opportunities and negotiating deals. The transactions team has an established track record in generating outstanding value for PharmaVentures’ clients and has assisted in over 100 transactions in the past 20 years.

For enquiries regarding this opportunity or how we can help your company to achieve its business goals, please contact:

Dr Jansen Jacob

Senior Advisor

PharmaVentures Ltd

jansen.jacob@pharmaventures.com

+44 7951 205420

– ends –